Common use of Defeasance Prior to Redemption or Maturity Clause in Contracts

Defeasance Prior to Redemption or Maturity. Subject to certain conditions, the Company at any time may terminate some or all of its obligations under the Securities and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of Principal and interest on the Securities to redemption or maturity.

Appears in 2 contracts

Samples: Indenture (Sunopta Inc), Stake Technology LTD

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Defeasance Prior to Redemption or Maturity. Subject to certain conditionsconditions contained in the Indenture, the Company at any time may terminate some or all of its obligations under the Securities Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for sufficient to pay the payment of Principal principal of, and premium and interest on on, the Securities Notes to redemption or maturity, as the case may be.

Appears in 2 contracts

Samples: Cinemark Usa Inc /Tx, Cinemark Usa Inc /Tx

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Defeasance Prior to Redemption or Maturity. Subject to certain conditions, the Company at any time may terminate some or all of its obligations under the Securities and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of Principal principal and interest on the Securities to redemption or maturity.

Appears in 1 contract

Samples: Supplemental Indenture (Delphi Financial Group Inc/De)

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